Neda Deputy Director General for Investment Programming Rolando G. Tungpalan said this includes P3.7 trillion for hard and soft infrastructure programs and P5 billion for on-lending programs extended by government financial institutions to the private sector, particularly small and medium enterprises until 2016.
But Tungpalan said the cost of the PIP may still increase because many of the projects identified have not undergone detailed feasibility studies. This means the cost of many of the programs and projects was only ballpark estimates.
“The memo for the President will be submitted by the secretariat to management shortly after the long holidays. Then we will see if it is ready for presentation to the President,” Tungpalan said. “Baka nga madagdagan pa ’yan. Remember that these costings, some of which or many of which have not yet had detailed feasibility studies. So these are orders of magnitude.”
The PIP translates the Philippine Development Plan (PDP) into a core set of priority programs and projects to be implemented by the government, government-owned and -controlled corporations, government financial institutions and other offices from 2011 to 2016.
The report will have three parts—public-investment projects, including the public-private partnership (PPP) projects; the on-lending programs extended to SMEs; and other administrative items like new buildings or government offices, which are part of what public investments are all about.
In drawing up the list of priority programs and projects for the PIP, each government agency shall be guided by the approved and relevant major final outputs mandated to deliver under its organizational performance indicator framework.
Moreover, the efficiency and effectiveness review framework will be applied in identifying and prioritizing the key programs and projects. This is a framework that considers the responsiveness of programs and projects through the parameters of relevance, efficiency, effectiveness and impact, and sustainability in supporting sector outcomes.
After its completion, the PIP will be updated together with the midterm review of the plan. The annual socioeconomic review will serve as a tool in monitoring the PIP.
The 2004 to 2010 PIP required an estimated P2.13 trillion, with the lion’s share going to investments for economic growth and job creation amounting to P1.49 trillion.
Under this theme, some P82.8 billion was earmarked for trade and investment; agribusiness, P357.1 billion; environment and natural resources, P198.5 billion; housing construction, P264.6 billion; and infrastructure, P571.7 billion.
